Approved foreign exchange business in June 2023

In line with the policy of promoting the liberalization, internationalization, and development of the foreign exchange market, the Bank approved the following:

1. Cathay Securities to engage in principal protected structured products composed of domestic equity (including index) options linked to foreign currency principals.
2. Shin Kong Commercial Bank to engage in foreign securities trading business provided such trading is neither an investment of proprietary funds nor done to meet hedging purposes.
3. Navigate Investment Consultant Co., Ltd. to act as a single master agent in offering and selling offshore funds in Taiwan.
4. PIMCO Taiwan Limited to conduct the foreign currency discretionary investment business.
5. As of the end of June 2023, there were 3,454 authorized banks, including 3,414 domestic banks, 3 Mainland banks, and 37 foreign banks.